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Detailed text transcripts for TV channel - MSNBC - 20121102:03:29:00

Motors, costing the taxpayers more money. he and his friends at the vulture capitalist made as you said 3,000% to 4,000% return on their investment in delphi by holding up general motors and costing the government more money. all right. let s talk costing taxpayers more. let s talk about this extort and hold up general motors. now, delphi is critical to the automobile manufacturing business. they, of course, manufacture parts that go into automobiles with general motors that they just couldn t make the vehicles without delphi s assistance. is that correct? right. if the parts don t come in, they can t build the cars. okay. so what happened here? what did romney s group do that was so terrible? well, they bought up the stock at this really low price then they demanded much larger cost per part from general motors. much bigger payments from general motors in order to deliver the parts. ....

Holding Up General Motors , Vulture Capitalist , Manufacture Parts , Automobile Manufacturing Business , Lets Talk , General Motors , Parts Dont Come In , Mitt Romney ,

Detailed text transcripts for TV channel - MSNBC - 20121102:03:27:00

Office of government ethics to investigate romney s finances. they say that romney has failed to disclose how much he profited from the automobile rescue. the allegations stem from romney s investment in delphi, a major auto parts supplier for general motors. the nation magazine reports ann romney invested at least $1 million in delphi in a blind trust at the height of the financial crisis. the romneys bought stock at bargain basement prices. delphi shares were going for 67 cents a piece before the automobile rescue. today delphi shares closed at $32.53. good for them. it s a 4,000% gain on romney s investment. now, we know the romney family made at least $15.3 million in the wake of the automobile rescue. but we don t know exactly how much romney made because he won t release his 2009 tax return. he won t tell us how much he ....

Mitt Romney , Automobile Rescue , Auto Parts Supplier , Ann Romney , Bargain Basement Prices , The Nation , 1 Million , Delphi Shares , Romney Family , 392 53 , 32 53 , He Won T , Tax Return , 115 3 Million , 5 3 Million ,

Detailed text transcripts for TV channel - MSNBC - 20121102:03:28:00

Actually invested. remember, mitt romney was against the automobile rescue. he wrote this op-ped in the new york times saying that we should let detroit go bankrupt. now we re learning he made at least $15 million off the very policy he opposed. tonight the united autoworkers are demanding the truth. joining me tonight, bob king, president of the united autoworkers. mr. king, good to have you with us tonight. this is great to be with you, ed. you bet. this is about conflict of interest. but what do you think mitt romney allegedly did that was wrong? why have you called for this? well, because we re told by our legal department that he violated the government ethics laws and he did not disclose where he s got a conflict of interest, his investments in delphi corporation. it s so hypocritical, as you said, for him to criticize the loan and go in like a vulture capitalist and buy the stock at a low price and extort general ....

Mitt Romney , Automobile Rescue , The New York Times , Op Ped In , Go Bankrupt , Bob King , To Be With You , You Bet , 5 Million , 15 Million , Government Ethics Laws , Conflict Of Interest , Vulture Capitalist ,

Detailed text transcripts for TV channel - MSNBC - 20121102:07:30:00

Return, they held up general motors, said if you don t pay us these extra costs then we re not going to deliver the parts. without steering columns and brakes and other parts you can t build a car. that, of course, would have halted the automobile rescue and the progress we have seen today. so, in other words, it was after general motors, the automobile industry, got this bailout money, or this loan money, and this is when delphi went to work and this is where mitt romney profited. do i have that correct? that s right. that s exactly right. and then cost the taxpayer more money by what he did. okay. and now his campaign, as he continues to double down with radio and television ads saying that, you know, he s taking credit for the automobile loan program that actually saved the industry. and i need your reaction because i know that your workers took a haircut. i mean, as far as pension and retirement and health care and also wages. i mean, uaw stepped up. ....

Automobile Rescue , Mitt Romney , Automobile Industry , Loan Money , Bailout Money , Television Ads , Health Care , Automobile Loan Program ,

Detailed text transcripts for TV channel - MSNBC - 20121029:06:18:00

And we are thrilled we have a strong auto industry. and we want it to even be stronger. but it doesn t account for growth of 112,000 jobs in our state. one out of eight jobs in your state, affiliated with the auto industry. do you think if the president had not pursued his bail-out plan that the state would be in the same economic condition today? well, i m glad the auto industry is strong, david. and i don t know anybody who didn t think the auto industry needed to be saved. i mean i will tell you personally, there is no way i would support anybody that didn t support the auto industry. but let me tell you in the last quarter, the most significant area of growth in ohio has been the last quarter, investment technology, i.t. we have grown a financial services. we have grown health care. now look, i mean there has been significant investment by auto companies in ohio. but the domestic companies are reducing their footprint. and i wish we could get more here. in fact i just met with ....

Doesn T , Auto Industry , David Brooks , Didn T , Health Care , Didnt Support The Auto Industry , Investment Technology , Auto Companies ,